Articles Tagged with Voya Financial Advisors

Michael HoganPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on May 2, 2018 indicate that Minnesota-based Voya Financial Advisors broker/adviser Michael Hogan has been involved in customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Hogan (CRD# 1901482).

Michael Hogan has spent 29 years in the securities industry and has been registered with Voya Financial Advisors in Plymouth, Minnesota since 1999. Previous registrations include Fortis Investors in Oakdale, Minnesota (1994-1999); Pruco Securities Corporation in Newark, New Jersey (1989-1994); and the Prudential Insurance Company of America in Newark, New Jersey (1989-1993). He is a registered broker with ten US states and territories: California, Colorado, Florida, Iowa, Minnesota, Nevada, North Dakota, South Dakota, Texas and Wisconsin.

According to his BrokerCheck report, he has received one customer complaint.

James JolyPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 10, 2018 indicate that former Rhode Island-based Voya Financial Advisors broker/adviser James Joly has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Joly (CRD# 2193463).

James Joly has spent 26 years in the securities industry and has been registered with Voya Financial Advisors in East Greenwich, Rhode Island since August 2017. Previous registrations include Morgan Stanley in Newport, Rhode Island (2017); LPL Financial in East Greenwich, Rhode Island (1996-2017); and First Investors Corporation in New York, New York (1991-1996). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on October 30, 1996; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on November 25, 1991; Series 7 (General Securities Representative Examination), which he obtained on June 12, 1997; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on November 14, 1991; and Series 24 (General Securities Principal Examination), which he obtained on October 30, 1997. He is a registered broker with eight US states and territories: California, Connecticut, Indiana, New York, North Carolina, Ohio, Rhode Island and South Carolina.

According to his BrokerCheck report, he has received one customer complaint, one pending customer complaint and one denied customer complaint.

Robert WittPublic records published by the Financial Industry Regulatory Authority (FINRA) on May 1, 2017 indicate that former Illinois-based Voya Financial Advisors broker/adviser Robert Witt has received resolved or pending customer disputes and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Witt (CRD# 2926506).

Robert Witt has spent fourteen years in the securities industry and was most recently registered with Voya Financial Advisors in Libertyville, Illinois (2014-2016). Previous registrations include ING Financial Partners in Bloomington, Illinois (2006-2010); OneAmerica Securities in Indianapolis, Indiana (1997-2006); and American United Life Insurance Company in Indianapolis, Indiana (1997-2001). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); and Series 6 (Investment Company Products/Variable Contracts Representative Examination)

According to his BrokerCheck report, Robert Witt has received one regulatory sanction and four customer complaints. He also resigned from his former employer in connection to alleged rule violations.

VOYAAccording to publicly available records released by the Financial Industry Regulatory Authority (FINRA) on November 2, 2016, and accessed on February 3, 2017, FINRA has sanctioned eight broker-dealer firms in connection to alleged sales variable annuity sales violations. Fitapelli Kurta is interested in hearing from investors who have complaints regarding the firms in question: VOYA Financial Advisors, Cetera Advisor Networks, Cetera Financial Specialists, First Allied Securities, Summit Brokerage Services, VSR Financial Services, Kestra Investment Services, and FTB Advisors.

FINRA’s release alleges that the firms failed to supervise the sales of variable annuity products. According to the complaint: “The L-share VAs at the heart of this action are complex investment products combining insurance and security features designed for short-term investors willing to pay higher fees in exchange for shorter surrender periods. L-shares also had the potential to pay greater compensation to the firms and registered representatives than more traditional share classes. Each of the firms in this action lacked an adequate system to supervise variable annuities with multiple share classes, and failed to provide its registered representatives and principals with reasonable guidance regarding the narrow class of customers for whom the costs and features of L-share variable annuities were suitable.”

The release goes on to say that the alleged failures were “compounded” when the L-shares were often sold with “complex and expensive guaranteed income and withdrawal riders that provided benefits only over longer holding periods.” VOYA, as well as four Cetera Group firms, allegedly failed to notify red flags of “broad patterns of potentially unsuitable sales of this product combination.”

 James KneePublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on October 1, 2016 indicate that former New Hampshire-based Voya Financial Advisors broker James Knee is currently not affiliated with any broker-dealer firm. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Knee (CRD# 1852920).

James Knee has spent 27 years in the securities industry and was most recently registered with Voya Financial Advisors in Concord, New Hampshire (2015-2016). Previous registrations include Ameriprise Financial Services in Concord, New Hampshire; Investors Capital in Concord, New Hampshire; Cambridge Investment Services in Concord, New Hampshire; Cantella & Company in Concord, New Hampshire; Raymond James Financial Services in St. Petersburg, Florida; Linsco/Private Ledger in Boston, Massachusetts; Invest Financial in Tampa, Florida; WH Newbold’s Son & Company/Hopper Soliday & Company; and Hopper Soliday & Company. He is currently not registered with any state or firm.

According to his BrokerCheck report, James Knee has received one customer complaint, is the subject of a pending regulatory investigation, and was recently discharged from Voya Financial Advisors.

Robert Witt Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 1, 2016 indicate that Illinois-based Voya Financial Advisors broker/adviser Robert Witt has been named in a pending customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Witt (CRD# 2926506).

Robert Witt has spent 14 years in the securities industry and has been registered with Voya Financial Advisors in Libertyville, Illinois since 2014. Previous registrations include ING Financial Partners in Bloomington, Illinois (2006-2010); OneAmerica Securities in Indianapolis, Indiana (1997-2006); and American United Life Insurance Company in Indianapolis, Indiana (1997-2001). He is a registered broker and investment adviser with 12 US states: Arizona, California, Florida, Illinois, Kansas, Kentucky, Louisiana, Michigan, Ohio, South Carolina, Utah, and Wisconsin. Continue Reading

The securities and investment fraud law firm is interested in speaking to investors who have complaints regarding California-based Independent Financial Group broker/adviser Shao-Tsung “Lewis” Tseng (CRD# 5704440).

According to his BrokerCheck report, Shao-Tsung “Lewis” Tseng  has been discharged from his position at Independent Financial Group, LLC. Continue Reading